Texas Permanent School Fund Corp Invests in Lamb Weston Holdings, on July 27, 2023
July 29, 2023
🌥️Trending News
On July 27, 2023, news about the Texas Permanent School Fund Corp investing in Lamb Weston ($NYSE:LW) Holdings, Inc. shares hit the media. This is a major investment in the leading international producer of frozen potato, sweet potato, appetizer and vegetable products. Lamb Weston has a long and successful history of providing high-quality food solutions to customers around the world.
It is also an indication of the potential return on the investment for the Texas Permanent School Fund Corp. The funds from this investment will go towards supporting Lamb Weston’s continued expansion and increased production of its top-quality products. This investment will help ensure that the company remains at the forefront of innovation and quality for years to come.
Stock Price
On July 27, 2023, the Texas Permanent School Fund Corporation announced their investment in Lamb Weston Holdings, Inc. The move came after the company’s stock opened at $102.8 on Friday and closed at $102.1, a slight decrease of 0.1% from the prior closing price of $102.2. This marks the corporation’s entrance into Lamb Weston Holdings, Inc., a food production company that specializes in potato and sweet potato products. The investment has been seen as a positive step for both companies, as the funds provided by the Texas Permanent School Fund Corporation will be used to further develop Lamb Weston’s products and services. With this move, both companies are sure to benefit in the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lamb Weston. More…
| Total Revenues | Net Income | Net Margin |
| 5.35k | 1.01k | 18.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lamb Weston. More…
| Operations | Investing | Financing |
| 761.7 | -1.34k | 340.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lamb Weston. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.52k | 5.11k | 9.69 |
Key Ratios Snapshot
Some of the financial key ratios for Lamb Weston are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.2% | 16.6% | 16.5% |
| FCF Margin | ROE | ROA |
| 2.0% | 51.9% | 8.5% |
Analysis
At GoodWhale, we have conducted a detailed analysis of LAMB WESTON‘s finances. Based on this analysis, we have attributed a medium risk rating to the investment prospects of LAMB WESTON. This means that there are certain risks associated with investing in this company, and potential investors should take this into consideration. From our analysis, we have detected two risk warnings in the income sheet and the financial journal. To get a closer look at these warnings, we recommend that potential investors become registered users of GoodWhale. This will allow them to get access to more detailed information on these risk factors, as well as other available investment opportunities. More…
Peers
Its main competitors are Tyson Foods Inc, Pilgrims Pride Corp, and Beyond Meat Inc. All three companies are large, publicly traded companies with a significant presence in the US food industry.
– Tyson Foods Inc ($NYSE:TSN)
Tyson Foods is an American multinational corporation based in Springdale, Arkansas, that operates in the food industry. The company was founded in 1935 by John W. Tyson and is currently one of the world’s largest processors and marketers of chicken, beef, and pork. Tyson Foods also produces a wide variety of prepared foods, and is a major exporter of poultry products.
Tyson Foods has a market capitalization of $24.45 billion as of 2022. The company’s return on equity is 18.58 percent. Tyson Foods is one of the world’s largest processors and marketers of chicken, beef, and pork. The company also produces a wide variety of prepared foods.
– Pilgrims Pride Corp ($NASDAQ:PPC)
Pilgrims Pride Corporation is an American poultry company based in Greeley, Colorado. Founded in 1947, it is the second-largest poultry company in the United States and the largest in Mexico. The company has more than 40,000 employees and operates over 50 facilities in the United States and Mexico.
– Beyond Meat Inc ($NASDAQ:BYND)
As of 2022, Beyond Meat Inc has a market cap of 975.39M and a ROE of 5821.1%. The company produces and sells plant-based meat products. The products are made from pea protein, rice protein, and mung bean protein. Beyond Meat’s products are sold in grocery stores, restaurants, and online. The company has a strong presence in the United States and Canada. Beyond Meat is a publicly traded company on the Nasdaq Stock Exchange.
Summary
Lamb Weston Holdings, Inc. has been the focus of recent financial news as the Texas Permanent School Fund Corp announced an investment in its shares on July 27, 2023. Analysts have noted that Lamb Weston is a food processing company with a strong track record and increasing revenue, making it an attractive choice for investors. The company’s strong balance sheet and significant cash holdings also add to its appeal.
Although the stock has seen some volatility, it remains an attractive option for long-term investors. With steady earnings growth, potential for dividend increases, and a fairly low-risk investment profile, Lamb Weston is an ideal choice for those looking to add diversification to their portfolio.
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